Centre slashes import duty on mobile phone parts to 10%

New Delhi (IANS) In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from 15 per cent.

The finance ministry said in a notification…

Budget 2024: No major changes expected in taxation relating to the capital market

New Delhi (IANS) Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said in the near-term, expectations regarding the budget will influence the market.

Market does not expect any major changes in taxation relating to the…

My head is bloody, but unbowed: Byju Raveendran writes to shareholders

New Delhi (IANS) Byju Raveendran, the founder and CEO of embattling edtech company Byju’s, in his letter to shareholders, has drawn parallels with 'Invictus' a short poem by William Ernest Henley, saying “My head is bloody, but unbowed."

Sensex jumps 1000 points as heavyweights surge

New Delhi (IANS) BSE Sensex jumped more than 1000 points on Monday led by buying in heavyweight stocks.

BSE Sensex is trading at 71,799.42 points, up by 1098.75 points or 1.55%.

Oil and gas stocks were best performers with ONGC up 7…

Interim Budget unlikely to impact market in a big way, say analysts

New Delhi (IANS) Two important events are due this week: the interim Budget and the Fed meeting on rate decision. But these events are unlikely to impact the market in a big way, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial…

Indian EV startup BluSmart raises $25 mn

New Delhi (IANS) Switzerland-based impact investor responsAbility on Monday announced that it will invest up to $25 million in EV ride-hailing and charging provider BluSmart, as part of its $500 million climate investment strategy.

This investment…

Yes Bank posts 4-fold jump in net profit for Oct-Dec quarter

Mumbai (IANS) Private sector lender Yes Bank on Saturday reported an over 4-fold jump in net profit to Rs 231.6 crore for the October-December quarter of the current financial year.

The bank had posted a net profit of Rs 51.5 crore in…

Akasa Air orders 300 CFM LEAP-1B engines to power 150 Boeing 737 MAX airplanes

New Delhi (IANS) In conjunction with the state visit of the French President Emmanuel Macron to India, Akasa Air and France origin company, CFM International on Friday announced an agreement to purchase CFM LEAP-1B engines to power 150 Boeing 737…

Flipkart to cut 1,000 jobs in annual restructuring exercise

New Delhi (IANS) E-commerce major Flipkart will be laying off 1,000 employees in an annual restructuring exercise. This represents around 5 per cent of its total workforce, reports Moneycontrol, citing sources.

According to the report, the…

Bajaj Auto topples M&M as third most valuable auto company in India

Mumbai (IANS) Bajaj Auto has toppled Mahindra & Mahindra (M&M) as the third most valued auto company in the country.

Bajaj Auto's market cap on Thursday crossed the Rs 2 lakh crore-mark to touch Rs 2.04 lakh crore, surpassing M&M.

Maruti…